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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Millennials outside London will spend £111,000 on rent before buying

Millennials renting an average-sized property outside of London, who begin their tenancy at age 21, will spend an average of £110,830 in household rental payments before...

Ex-supermarket supremo takes over as chair of major agency group

Steven Esom is to take over as group chairman of the Andrews Property Group at the start of 2018.  He succeeds Jim Glover who has served two...

Former deputy PM Clegg is keynote speaker at ARLA conference 2018

Former deputy prime minister Nick Clegg is one of the keynote speakers for the 2018 conference of the Association of Residential Letting Agents.  Also amongst the speaker...

70 per cent of landlords wouldn't let to student tenants - survey

Research by a student lettings software company suggests that 70 per cent of landlords say they would prefer not to let their investment property to student...

So here it is Merry LATmas - try our online advent calendar

The countdown to Christmas has now officially begun and what better way to celebrate than with an online advent calendar from Letting Agent Today. Every day this...

HMRC may add tax checks to private rental licensing schemes

HM Revenue & Customs has launched a consultation on adding tax checks to private rental sector licensing schemes - in other words, checking up on landlords...

PM restates government opposition to rent controls

Prime minister Theresa May has repeated that the current government will not introduce rent controls in the private sector. The issue of private renting was a major...

London council deploys team to catch illegal Airbnb-style short lets

A new team of investigative council officers are hitting the streets of the capital to tackle unlawful nightly letting using websites like Airbnb. The Westminster council officers will...

Tiny but symbolic fall in rents recorded late this year, says lender

Rents across the UK began to shrink for the first time in over half a decade toward the end of 2017, as a two-speed market emerged...

Fall in rental supply may be because investors are quitting - claim

A fall in the supply of available rental properties suggests some landlords may be quitting the buy to let sector as a result of increased taxes...

Independent agency snapped up by Martin & Co franchise couple

Gloucester independent lettings agency R M C Hardcastles has been acquired by Martin & Co franchisees Peter and Rani Grieve - their fourth acquisition. Hardcastles’ portfolio consisted...

Property firm boss guilty over HMO safety: sentencing next week

The director of a property management firm has been found guilty of nine offences of breaching regulations relating to a house in multiple occupation, and will...

£3,300 fine for owner failing to keep HMO safe for tenants

The landlord of an HMO has been fined £3,300 for failures to meet his obligations, particularly regarding fire safety. At Northampton magistrates court Nazrul Islam pleaded guilty...

Seismic changes for lettings industry in 2018, predicts ARLA chief

Some 70 per cent of letting agents expect taxes on the rental sector to rise further next year according to research from the Association of Residential...

Countrywide says annual rate of rental growth picked up recently

The annual rate of rental growth picked up in November, with the cost of a new let across Great Britain rising 1.2 per cent over the...

Final 2017 rental figures for Prime Central London show recovery

The rental market in Prime Central London has shown signs of recovery at the end of 2017, according to a new analysis by investment consultancy London...

New hire for regional agency's growing lettings team

Yorkshire agency Dacre, Son & Hartley has expanded its residential lettings team with the appointment of a new manager to cover Aireborough and North Leeds. Leah Nanji...

Rental market inflated by 80,000 properties let by 'accidental landlords'

Countrywide says one in every 12 homes that came on to the rental market in 2017 was for sale at some time in the previous six...

Another acquisition by Leaders Romans Group - the fifth in six weeks

The Leaders Romans Group has announced its fifth acquisition in just six weeks after completing the purchase of South & Co in Crewe. The lettings, property management...

Lomond Capital continues push into south of England with new acquisition

Lomond Capital has acquired independent Brighton letting agency Tanat-Jones & Company. The deal marks Lomond’s second acquisition in the city since purchasing Brand Vaughan in March and...

Leasehold campaigner calls on Queen to end 'feudal' system

A leasehold campaigner has called on the Queen to end her support for what he calls the UK's “feudal leasehold system” by changing the land tenure for The Crown Estate's...

ARLA comes out against government-controlled Client Money Protection

The Association of Residential Letting Agents has come out against a single government-administered system for Client Money Protection in the private rental sector. The official consultation into...

Buy To Let end-of-year report: rents and values up but confidence weak

A cocktail of tax reform and tighter regulation is slowing growth across the private rental sector, despite its value hitting a new high according to a new...

Rental sector now larger scale and more professional, says report

Larger scale landlords with 10 properties or more appear to be the most confident about the private rental sector, and are most likely to grow their...

Massive rise in purpose-built student accommodation supply in 2017

There has been a record number of new student accommodation bed spaces delivered in 2017, with possible consequences for future buy to let investment in the...

Buy to let investor's bill of £33,000 after found guilty of 15 offences

A buy to let investor who a judge said “cut corners” and exposed his tenants to “significant risk” has been ordered to pay nearly £33,000. Russell Wayne...

Supervision order after "campaign of harassment" against letting agent

A man is reported to have launched “a campaign of harassment” against a lettings agent just an hour after signing a tenancy with the company. The Daily...

Rent Recognition Challenge - government launches tech competition

The government is offering £2m to budding PropTech and financial technology entrepreneurs who can develop an application that will enable Britain’s 11 million renters to record and...

Tenancy Deposit Scheme's new hire will "lead digital innovation"

The Tenancy Deposit Service has created the new post of chief operating officer, with the first postholder charged with “leading our digital innovation team, bringing a...

Prime London rents drop 2.4% in a year - the smallest fall for 18 months

Average rents in prime central London fell 2.4 per cent year-on-year in November, which was the most modest decline recorded in more than 18 months. The data...

Watchdog acts after eviction firm suggests tenants are 'household pests'

An eviction company called Remove A Tenant has been the subject of a complaint after a Facebook post which implied tenants were household pests. A statement from...

Fees ban confirmed by Welsh government with more details in 2018

The Welsh Government has confirmed that the country will ban letting agents’ fees levied on tenants - the same ban still formally under consideration in England. In...

Rents across UK to rise by average 14% by end of 2022 - agency

Knight Frank says average rents are to rise by 14 per cent between the start of next year and the end of 2022. The agency, in its...

Trade body welcomes Universal Credit changes but warns 'more needed'

Changes to Universal Credit have made it easier for claimants to rent homes but the government needs to do more to address their concerns. That’s the view...

Agency consolidation increasing as fees ban looms, warns ARLA

The Association of Residential Letting Agents says it is seeing a consolidation of agencies ahead of the ban on agents’ fees levied on tenants. ARLA chief executive...

Sharp increase in cost of buy to let mortgages since base rate rise

There has been a sharp rise in the cost of buy to let mortgages since the November 2 announcement increasing the Bank of England base rate. Independent...

Controversial licensing scheme said to have won government backing

The selective licensing scheme operated by Newham council in London is reported to have won government backing to be extended until 2023. The website London Property Licensing...

Knight Frank lettings and sales search arm names new recruit

The search arm of Knight Frank, The Buying Solution, has a new recruit to handle both rental and sales clients in prime areas of London. Thea Wellband...

Foxtons fined £35,000 for failing to prove house was safe for letting

Foxtons has been fined £35,000 for failing to prove to a local council that a house it was letting was safe for tenants. Foxtons had been asked...

Rogues' database and banning orders to come into effect in April

A database of rogue letting agents and landlords and new banning orders, first promised in the Housing and Planning Act announced almost exactly a year ago,...

Leasehold: Conveyancers want unfair fees and dodgy services ended

The Conveyancing Association has made a wide-ranging response to the government’s call for evidence on the regulation of letting and managing agents to better protect and...

Acquisition takes Rendall & Rittner's portfolio to 50,000 units

Rendall & Rittner, a major operator in the residential block management sector, has completed its purchase of Braemar Estates from the Brooks MacDonald Group, taking over...

Leading agency welcomes tenancy overhaul in Scotland

One of Scotland’s leading lettings and estate agencies, Galbraith, has given the thumbs up to a new tenancy process introduced north of the border. All properties let...

'Many tenants put off by misleading ads or poor viewings' - claim

A claim has been made that as many as 80 per cent of prospective tenants have been put off renting a property due to a misleading...

New tool to keep across those 67 (and rising) licensing schemes

The National Landlords Association has unveiled a new tool which could help agents and landlords keep across the ever-rising number of licensing schemes and consultations happening...

Agency stalwart retires after 55 years of dedicated service

Gascoines agency at Southwell in Nottinghamshire is celebrating the retirement of one of its most loved staff members after no less than 55 years working for...

Build To Rent 'resilient' despite Brexit, says major operator

Grainger - Britain’s largest listed residential landlord, which has pledged to invest £850m in Build To Rent - says the rental sector is proving resilient to...

30% of landlords may stop using agents if fees go up - survey

Some 30 per cent of landlords may be discouraged from using a letting agent if landlord fees increase as a result of imminent legislation, a survey...

Council claims Airbnb takes "hundreds" of homes off long-term market

A senior housing official at Bristol city council says the increasing popularity of Airbnb has had the effect of taking “hundreds” of properties and rooms off...

New tenancy rules starting in Scotland - and the change is enormous

A large shake up of the private rental sector begins in Scotland tomorrow with the introduction of Private Residential Tenancies replacing ASTs - in a move...

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